Owner
Post by Franko10 ™ on Sept 16, 2004 10:49:47 GMT -5
Diagem International Resource Corp. (“Diagem”) announces that Ambassador Carlos Alberto Pessoa Pardellas has been appointed to the Board of Directors. Ambassador Pardellas has recently retired from the Brazilian diplomatic service, having served in multiple European and Middle Eastern countries as well as holding posts in China and the United States. He has also been a member of the Brazilian Ministry of Foreign Affairs since 1962 and for a number of years was the Head of the Brazilian Trade Centre in London, England. In recent years he has held posts with the Government of Brazil, including Director for the Affairs of the Amazon, Ministry of the Environment and Sub-Secretary of Strategic Affairs of the Presidency of the Republic.
Through his work Ambassador Pardellas has accumulated experience in numerous mining initiatives including participating in the process of granting mining licenses in Border Regions, promotion of Iron Ore exports, implementation of the partnership between CVRD and the Chinese Government, as well as establishing the export of semi-precious gems to China. He is currently consulting on further expansion of Iron Ore and Nickel exports.
The Company is extremely fortunate to have someone of Ambassador Pardellas reputation and experience sit on the Company's Board of Directors and we look forward to benefiting from his involvement.
Preliminary License issued for Mining Concession on Property 214
Following the approval of the Company's Environmental Diagnostic Study, reported May 4, 2004, FEMA (State Environmental Agency) has granted the Company its first ever Preliminary License on Property 214, Juina Diamond Province, Mato Gross State, Brazil. This license is the first of a sequence of licenses to be issued now that the major criteria for an application for a Mining Concession have been satisfied.
Property 214 contains four diamondiferous kimberlite Pipes, three of which lie at the headwaters of the Chicoria Creek, within a few hundred metres of the Chicoria Creek Resource Block #1, located on the adjacent Property 213. The extensive mapping and detailed exploration work done so far on Property 213 and 214 indicate abundantly that the source of the diamonds recovered by the Experimental Mining on Chicoria Creek, including a gem quality diamond weighing 25 carat, comes from one or more of these Kimberlite Pipes.
Corporate Matters.
The Company has granted 250,000 options to purchase common shares in the Company, to each of its three most recently appointed Directors. In addition, 1,050,000 options to purchase common shares have been granted to Consultants, Management and Employees and a total of 200,000 options have been granted to the other Directors. All options have an exercise price of $0.24 and an exercise period of five years.
The technical content of this news release has been approved by Dr. Mousseau Tremblay, of Williamstown, Ontario, a Qualified Person, President, CEO and Director of Diagem International Resource Corp.
Diagem is a diamond exploration company holding significant diamond interests in Brazil and Canada. In Brazil it owns 20 properties totalling 130,000 hectares, in addition to the Joint Venture Property 1000, containing extensive diamondiferous gravels and 8 kimberlite pipes, located within the Juina Diamond Province, historically Brazil's largest diamond producing area. In Canada, through its interest in KWG Resources Inc. (TSXV: KWG), Diagem has an indirect interest in diamond exploration projects in the James Bay Lowlands and Wawa areas, in addition to the McFauld's Lake volcanogenic massive sulphide discovery, in Ontario.
For and on behalf of
DIAGEM International Resource Corp.
"Dr. Mousseau Tremblay"
President
Through his work Ambassador Pardellas has accumulated experience in numerous mining initiatives including participating in the process of granting mining licenses in Border Regions, promotion of Iron Ore exports, implementation of the partnership between CVRD and the Chinese Government, as well as establishing the export of semi-precious gems to China. He is currently consulting on further expansion of Iron Ore and Nickel exports.
The Company is extremely fortunate to have someone of Ambassador Pardellas reputation and experience sit on the Company's Board of Directors and we look forward to benefiting from his involvement.
Preliminary License issued for Mining Concession on Property 214
Following the approval of the Company's Environmental Diagnostic Study, reported May 4, 2004, FEMA (State Environmental Agency) has granted the Company its first ever Preliminary License on Property 214, Juina Diamond Province, Mato Gross State, Brazil. This license is the first of a sequence of licenses to be issued now that the major criteria for an application for a Mining Concession have been satisfied.
Property 214 contains four diamondiferous kimberlite Pipes, three of which lie at the headwaters of the Chicoria Creek, within a few hundred metres of the Chicoria Creek Resource Block #1, located on the adjacent Property 213. The extensive mapping and detailed exploration work done so far on Property 213 and 214 indicate abundantly that the source of the diamonds recovered by the Experimental Mining on Chicoria Creek, including a gem quality diamond weighing 25 carat, comes from one or more of these Kimberlite Pipes.
Corporate Matters.
The Company has granted 250,000 options to purchase common shares in the Company, to each of its three most recently appointed Directors. In addition, 1,050,000 options to purchase common shares have been granted to Consultants, Management and Employees and a total of 200,000 options have been granted to the other Directors. All options have an exercise price of $0.24 and an exercise period of five years.
The technical content of this news release has been approved by Dr. Mousseau Tremblay, of Williamstown, Ontario, a Qualified Person, President, CEO and Director of Diagem International Resource Corp.
Diagem is a diamond exploration company holding significant diamond interests in Brazil and Canada. In Brazil it owns 20 properties totalling 130,000 hectares, in addition to the Joint Venture Property 1000, containing extensive diamondiferous gravels and 8 kimberlite pipes, located within the Juina Diamond Province, historically Brazil's largest diamond producing area. In Canada, through its interest in KWG Resources Inc. (TSXV: KWG), Diagem has an indirect interest in diamond exploration projects in the James Bay Lowlands and Wawa areas, in addition to the McFauld's Lake volcanogenic massive sulphide discovery, in Ontario.
For and on behalf of
DIAGEM International Resource Corp.
"Dr. Mousseau Tremblay"
President
